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2013-04-23, our company has opeend a new account for the propose of handling projects. we are using quickbooks. i would like to know what would be the best way to keep the two accounts seperate (existing company account and the new project account). our accountant has suggested to creat projects under chart of accounts. im thinking it would be difficult to reconsile plus create sub accounts such as petty cash, creditors under projects since there is already all those in the main account and it would reflect / add up in the company account.Please suggest what is the best way to go about this. Like said earlier we have made a new bank account for the projects.. so its going to be new cheque books and all that.

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